Bajaj Housing Finance Limited (BHFL) is a prominent non-deposit-taking Housing Finance Company (HFC) in India, experiencing considerable growth within just seven years since its mortgage operations. As of March 31, 2024, it holds the position of the second-largest HFC in India with an Assets Under Management (AUM) of INR 970,713.3 million, and it is also the eighth-largest Non-Banking Financial Company-Upper Layer (NBFC-UL).

BHFL is distinguished by its extensive mortgage lending portfolio, concentrating on prime housing with a larger average loan size. Supported by a network of 215 branches across 174 locations in 20 states and three union territories, BHFL continues to expand its customer base, serving 323,881 active customers as of June 2024. The company’s commitment to excellence is further reflected in its top-tier credit ratings and strong loan disbursements, which reached INR 446.6 billion in Fiscal 2024​.

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• Largest non-deposit taking HFC in India in terms of AUM.
• Most profitable HFC in India with fast growing AUM
• Diversified Product Portfolio in mortgage lending business
• Low NPA among the peers
• Strong Credit Rating
•  Second-highest loan disbursement HFC with high AUM and maintains

• To augment the capital base

The company is one of the leading Non-deposit taking HFC operating across 20 states with 174 offices. The company is expected to reap benefit of huge infrastructure development program undertaken by the government*. The company is fairly valued among the peers. But we expect that the company may get premium valuation owing to good asset quality and brand name; 6*and should be subscribed for long term gain.